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Gulf Cable, Kuwait Reinsurance to pay dividends late April

Gulf Cable, Kuwait Reinsurance to pay dividends late April
Photo Credit: Arabianeye-Reuters
CABLE
CABLE
0.96% 1,257.00 12.00
KUWAITRE
KUWAITRE
-3.02% 450.00 -14.00

Gulf Cable and Electrical Industries will start distributing 20% cash dividends on 29 April.

The company posted a net profit worth KWD 4.55 million ($15.15 million) in 2014, compared to KWD 9.97 million ($33.19 million) in 2013.

Likewise, Kuwait Reinsurance will commence paying cash dividends as 10 fils per share as of 28 April.

The firm reported losses worth about KWD 54,210 ($182,390) in 2014, against earnings worth KWD 1.82 million ($6.12 million) in 2013.